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France Brings Green Industry Investment Tax Credit into Force

20 March 2024

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Approved Changes

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France

France has published Decree No. 2024-212 of 11 March 2024 in the Official Gazette, which brings into force the provision of the Finance Law for 2024 that introduced a new tax credit for investments in "green industry" that contribute to the development of strategic sectors for the transition to a low-carbon economy. As previously reported, the credit is available with respect to the production of batteries, solar panels, wind turbines, and heat pumps, and is limited to investment plans approved no later than 31 December 2025. The general tax credit is provided at a rate of 20%, with higher credit...